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effective at being able to hide the net impact of his plan and ride this general good feeling of his election. it's not a healthy situation politically. we've got to do the right thing for the country. >> all right, senator. i was really struck by how easily he said -- steve said, look, if we don't get higher taxes we go over the cliff? absolutely. good to have you on the program. >> we want to avoid that. every republican is firmly convinced we should not go over this cliff and should be avoided. >> exactly. thank you, senator. see you soon. we'll certainly come back to you as the story develops. we get more reaction right now from maya mcginness. she's been rallying up ceos across the country to get involved in this and get heard. maya, nice to see you again. thanks for joining us. >> nice to see you. >> give me your ae reaction to geithner interview. >> i think i had the same reaction you did. we were tossing around going over the cliff in a way that makes me nervous. as the clock is ticking and we're getting closer to the end of december, i think we all wish we were closer to being confid
effective at being able to hide the net impact of his plan and ride this general good feeling of his election. it's not a healthy situation politically. we've got to do the right thing for the country. >> all right, senator. i was really struck by how easily he said -- steve said, look, if we don't get higher taxes we go over the cliff? absolutely. good to have you on the program. >> we want to avoid that. every republican is firmly convinced we should not go over this cliff and...
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andrea merkel has to get elected in the second half of next year. that's going to make it difficult for any pro-growth solutions to appear in europe. i think, frankly, i'm not that confident that the market hasn't already positively priced in a fiscal cliff resolution. i think the first half is like a bungee jump. >> so dan, cut through all of that, right. if we could put aside trying to forecast where the s&p is going to be, where the dow is going to be, regardless of where the markets in general are going to be, i believe you have stock picks for us. name what they are and will they be able to perform regardless of the macro environment? >> all right. we are focused on. companies that can grow regardless of what happens in the economy. three stocks we like, one is denbury resources. what's interesting about them is they have hedged their forward sales of oil so the lowest they're going to receive is $80 next year. at those rates, they're going to be a very profitable company. it's a very inexpensive stock. we like that. it's a u.s. oil producer as
andrea merkel has to get elected in the second half of next year. that's going to make it difficult for any pro-growth solutions to appear in europe. i think, frankly, i'm not that confident that the market hasn't already positively priced in a fiscal cliff resolution. i think the first half is like a bungee jump. >> so dan, cut through all of that, right. if we could put aside trying to forecast where the s&p is going to be, where the dow is going to be, regardless of where the...
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i think the bottom line is that the president, there's wind in his sails from the election and he feels like he ought to be able to squeeze a heck of a lot out of them. and he's playing hardball. and the cost is that as you folks have noted, we definitely absolutely 100% will go into a recession if they fail. and by playing chicken like this, what the president is doing is telling people right now in december to stop their economic activity because there's this scary thing that might happen if the coin flip comes up. so i think that eat big problem right now. >> i initially read the "new york times" piece about boehner gaining some backing of the house. it's basically saying the guys that wouldn't have gone along with them before in caving are now ready to careful with them. so it's like the same article. >> i think it's 50/50 that we don't get that. i'm not exactly sure that the president doesn't think that if we question over the cliff, that he can blame that on republicans. and then try to fix it next year. but from a position of money. >> secretary geithner said they're ready to go
i think the bottom line is that the president, there's wind in his sails from the election and he feels like he ought to be able to squeeze a heck of a lot out of them. and he's playing hardball. and the cost is that as you folks have noted, we definitely absolutely 100% will go into a recession if they fail. and by playing chicken like this, what the president is doing is telling people right now in december to stop their economic activity because there's this scary thing that might happen if...
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>> you would have to elect romney to do that. you're not going to extend the bush tax cuts for the high end. >> for another minute. >> not even for a milliseconmil. >> the republicans want to bargain away and let taxes go up by the end of the year and have the big negotiations occur next year when the president will want even more increases in taxes. >> let me ask a different question and it's sort of the -- >> and then we got to go. >> here's the opportunity for the president to eclipse the whole thing, i don't think he's going to but he could eclipse the whole scene. let's not relitigate '01 and '03 let's bridge to tax reform and move forward. the senate democrats not answering their phones are the ones to ask about this one. >> congressman, thank you for being on. >>> the final countdown to the jobs report. stick around. ♪ ♪ mom? dad? guys? [ engine turns over ] [ engine revs ] ♪ he'll be fine. [ male announcer ] more people are leaving bmw, mercedes and lexus for audi than ever before. take advantage of exceptional valu
>> you would have to elect romney to do that. you're not going to extend the bush tax cuts for the high end. >> for another minute. >> not even for a milliseconmil. >> the republicans want to bargain away and let taxes go up by the end of the year and have the big negotiations occur next year when the president will want even more increases in taxes. >> let me ask a different question and it's sort of the -- >> and then we got to go. >> here's the...
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sandy, the election, holiday workers. you say three asterisks. >> yeah, i think it has to have three asterisks, it doesn't fit in with initial claims and other items. they said sandy had no impact on the number. i think that may be because the number was basically taken before the impact was held. i think they're going to see a lot of revisions here. >> next week setting up. it's going to be another big one. same store sales from various companies and, of course, the fed. >> the fed is important. it's another one of those two-day meetings. they're going to take down operation twist. this will be important because he gets to announce at a press conference. that gives them a chance to explain what the mood of the meeting was. it will give them a chance to hear what the new proposal, qe whatever, is supposed to do and how they want to set it up. so i think the markets will hone in on that very, very carefully. >> do you think we see an acceleration of purchases, a revamp of twists? will there be an event as i said earlier? >
sandy, the election, holiday workers. you say three asterisks. >> yeah, i think it has to have three asterisks, it doesn't fit in with initial claims and other items. they said sandy had no impact on the number. i think that may be because the number was basically taken before the impact was held. i think they're going to see a lot of revisions here. >> next week setting up. it's going to be another big one. same store sales from various companies and, of course, the fed. >>...
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i doubt our elected officials would be brazen enough to leave washington without an agreement? this is my hunch. if, and that is an if we are going to see a deal, i suspect it'll come in the next two weeks. if we know anything about d.c. lawmakers, their time off may be more of a sacred cow than the belief on tax and spending. if i'm right, it's too bad that their own self-interests motivate them more. >>> before we look the a the day on wall street. and it was a quiet day. at the end of the day, we did see the markets get a good lift up about 40 points on the industrial average. nasdaq composite picked up 15 1/2 points. and the s&p tonight gain of 4.5% points, check out apple today, we did see a bit of a rebound after the big selloff yesterday. apple continues to trade higher in realtime, up 1.5% on apple at
i doubt our elected officials would be brazen enough to leave washington without an agreement? this is my hunch. if, and that is an if we are going to see a deal, i suspect it'll come in the next two weeks. if we know anything about d.c. lawmakers, their time off may be more of a sacred cow than the belief on tax and spending. if i'm right, it's too bad that their own self-interests motivate them more. >>> before we look the a the day on wall street. and it was a quiet day. at the end...
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>> the president himself kourg the election said 2 1/2 to one. now his proposal last week has $1.6 trillion in tax increases, $400 billion in spending cuts and another $200 billion in spending, plus an unlimited ability to borrow and raise the debt limit >> you'd be okay with 2 1/2 to 1? >> the bowles-simpson was about 3 to 1. frankly i don't think it's a revenue problem. i don't want to go over revenues. but you know, if we could get a deal that would put the country on a sound fiscal footing and change this trajectory that we're on, there perhaps could be some republican support for it. i'm not sure where i would come in. >> the -- part of the cliff that bothers you the most is that you'd like to do something with the sequester? or, if we were to sunset all the bush tax cuts? that would -- >> that would go -- republicans want to get rid of the deficit. that almost cures the deficit. and that was the rates that we had at one point. and they were supposed to sunset. and i guess there's never a good time. but what if they all sunsetted and you did
>> the president himself kourg the election said 2 1/2 to one. now his proposal last week has $1.6 trillion in tax increases, $400 billion in spending cuts and another $200 billion in spending, plus an unlimited ability to borrow and raise the debt limit >> you'd be okay with 2 1/2 to 1? >> the bowles-simpson was about 3 to 1. frankly i don't think it's a revenue problem. i don't want to go over revenues. but you know, if we could get a deal that would put the country on a...
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the president of the united states is back to his old dog and pony show for three weeks after the election he didn't say or do anything. he's back to giving public speeches. with a plan that he knew was going to be rejected by republicans, we actually need the president of the united states to sit down with speaker boehner and have a kfrg. i can't understand this president. he likes to legislate and give speeches but he doesn't like to get involved actively in the legislative pros is he and that's exactly what we need and we haven't heard increase in revenue. we haven't heard what the white house is willing to give up and i think the plan is reductions in spending and what is increasing deficit is not that the rich is not paying enough taxes. >> what is going to come from the left? because david brooks from the "new york times" made this observation. republicans have to realize that they are going to cave on tax rates. the only question is, what do they get in return? as we know, tax rates are a must-have for the president, the revenue there as alfonso was pointing out, revenueses are on t
the president of the united states is back to his old dog and pony show for three weeks after the election he didn't say or do anything. he's back to giving public speeches. with a plan that he knew was going to be rejected by republicans, we actually need the president of the united states to sit down with speaker boehner and have a kfrg. i can't understand this president. he likes to legislate and give speeches but he doesn't like to get involved actively in the legislative pros is he and...
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, elections of consequences. remember that famous soundbyte? obama ran on higher taxes for the wealthy and won. lz, shouldn't he be making the same argument? that is what he ran on. >> absolutely. you know what i find interesting, if you look at the statistics, many of the blue states that supported president obama are some of the richest states in the country. and so not only did you have him defeat romney pretty handedly in the electoral college, but people willing to sacrifice their own money to make sure that president obama, his policies made it to the white house. you know, it was the exact opposite in just the republicans. some of the red states were some of the poorest states in the country. so i think it is very interesting that when you see average american citizens who happen to be making a little bit more money willing to sacrifice for the good of the country, i think that's a good message and something to get behind and stand on. >> lz, our producers are here, can we keep them over the break? i want
, elections of consequences. remember that famous soundbyte? obama ran on higher taxes for the wealthy and won. lz, shouldn't he be making the same argument? that is what he ran on. >> absolutely. you know what i find interesting, if you look at the statistics, many of the blue states that supported president obama are some of the richest states in the country. and so not only did you have him defeat romney pretty handedly in the electoral college, but people willing to sacrifice their...
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both by the experience with the debt ceiling and with the election. i think if they want to stand their ground, i think they can actually do it. i think that that is, in fact, possible. can they? you know, we'll see. they seem a lot tougher now than they were last time around. don't you think? >> they sound very tough now. chrystia freeland of thomson, and author of "the plutocrats." >>> i promised you, red lobster, olive garden, timely for both, and i will deliver. that is ahead. [ male announcer ] take dayquil... [ ding! ] ...and spend time on the slopes. take alka-seltzer plus cold & cough... [ buzz! ] ...and spend time on the chair. for non-drowsy 6-symptom cold & flu relief. take dayquil. use nyquil d... [ ding! ] ...and get longer nighttime cough relief. use alka-seltzer plus night cold & flu... [ coughs ] [ buzz! ] [ screams ] ...and you could find yourself... honey? ...on the couch. nyquil d. 50% longer cough and stuffy nose relief. yep. the longer you stay with us, the more you save. and when you switch from another company to us, we even rew
both by the experience with the debt ceiling and with the election. i think if they want to stand their ground, i think they can actually do it. i think that that is, in fact, possible. can they? you know, we'll see. they seem a lot tougher now than they were last time around. don't you think? >> they sound very tough now. chrystia freeland of thomson, and author of "the plutocrats." >>> i promised you, red lobster, olive garden, timely for both, and i will deliver....
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we know that after the election, 60% of people said let's raise taxes on the wealthiest. what more does john boehner need? >> i don't understand the republicans' thinking on this. i really don't. this is power politics. they don't have the leverage in this situation. if they don't cut a deal within the next 30 days, you're going to see tax rates rise on all americans. you're going to see huge cuts in the defense budget. we're probably going to have a double dip recession, and until the congress then gets its act together to fix it and lower rates on the middle class, you will have the republicans essentially responsible for raising tax rates on the middle class. i can't imagine, again, bill krystal said this yesterday. i can't imagine why the republicans would want to be known as raising tacks xes on t middle class. >> thank you both. next, the president reacts to speaker boehner. stay with us. this is sheldon, whose long dy setting up the news starts with arthritis pain and a choice. take tylenol or take aleve, the #1 recommended pain reliever by orthopedic doctors. just
we know that after the election, 60% of people said let's raise taxes on the wealthiest. what more does john boehner need? >> i don't understand the republicans' thinking on this. i really don't. this is power politics. they don't have the leverage in this situation. if they don't cut a deal within the next 30 days, you're going to see tax rates rise on all americans. you're going to see huge cuts in the defense budget. we're probably going to have a double dip recession, and until the...
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we've had an election and the clearest debate and the clearest difference in that election was over the question of whether the rich should pay more and tax rates should go up on the rich. everybody who paid any attention at all knows that the top 2% are now taking home a larger share of total income and wealth in this country than they have in over 80 years and are paying the lowest effective tax rate they paid in over a half a century. we also have a looming budget deficit. so you don't have to really be a rocket scientist to understand that the rich do have to pay more. taxes do have to be raised on the rich and i think that's why over 60% of the public in these polls are not only supportive of a tax increase on the rich, but also will blame the republicans if we go over the fiscal cliff. and this gives frankly, this gives the white house and this gives the obama administration much more bargaining leverage. >> grover norquist, here's the problem, it seems to me. again, as long as the posturing goes on with fairly ridiculous offers on both sides and lots of political rhetoric along t
we've had an election and the clearest debate and the clearest difference in that election was over the question of whether the rich should pay more and tax rates should go up on the rich. everybody who paid any attention at all knows that the top 2% are now taking home a larger share of total income and wealth in this country than they have in over 80 years and are paying the lowest effective tax rate they paid in over a half a century. we also have a looming budget deficit. so you don't have...
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that's the ticket for admission because the president won the election and campaigned on that. the democrats are going to have to agree. they'll use uf -- and that means health care for seniors and poor people and special needs kids. that is not an easy thing to ask anybody to do, let alone the democratic party. which really created these programs. this is going to be awful and gruesome, but 70 for 60 in your poll, 60% of americans want to raise taxes on well off americans. 70% don't want to cut or 80, don't want to cut medicare or medicaid, so the hard stuff is coming. this is the easy stuff. >> we're out of time, guys. nice to talk to you. i appreciate it. >>> next, violent clashes along the turkey, syria border and a new heir to the british throne is on the way. our piers morgan will explain the fuss. that's coming up next. they have teachers... ...with a deeper knowledge of their subjects. as a result, their students achieve at a higher level. let's develop more stars in education. let's invest in our teachers... ...so they can inspire our students. let's solve this. ♪ â™
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tell me what you want for us to do but i don't like the idea that i was elected and my election certificate is as valid as anybody else's here not to have a say in this. i'd say to my colleagues, lets us, the people's house, take back control of this argument, come together and put something forward. >> you and others have signed on to a so-called discharge petition that would cause the house of representatives to take a vote on the bill passed in the senate some time ago that would extend the so-called bush era tax cuts for people earning less than $250,000. it requires 218 signatures. that means you've got to get some republicans to sign on. do you have any indication that any people will break from speaker boehner and sign your petition? >> i think so. i know one for example, my friend walter jones down in north carolina, said that he's open to it. i think i need 41 people now. we've got 177. i need 41 people to come forward and i think what's really interesting about this is, republicans aren't violating any pledge on this. they are assuring taxes don't go up. i see no reason why we can
tell me what you want for us to do but i don't like the idea that i was elected and my election certificate is as valid as anybody else's here not to have a say in this. i'd say to my colleagues, lets us, the people's house, take back control of this argument, come together and put something forward. >> you and others have signed on to a so-called discharge petition that would cause the house of representatives to take a vote on the bill passed in the senate some time ago that would...
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>> how much of this do you think has been affected by the fact that for the first time in this last election, you have people going to the polls and actually voting to allow same sex marriage as opposed to it coming from judges or from legislators? >> i don't think justices sort of said the polls did x so i will do y but in 1986, louis powell, the swing justice of his day, they had the first real gay rights case and he said to his law clerk, you know, as they were sort of weighing the case, you know, i've never met a gay person. i've never met a momhomosexual. what is that like? he didn't know that law clerk himself was homosexual. that was what the world was like in 1986, that a worldly, intelligent man could have thought that he had never met someone who was gay. now even the conservatives on the court couldn't possibly express a sentiment like that and that's just reflected in how the court acts. >> what do you think -- is there any way to read the tea leaves on this? >> you know, based on my experience in the health care case, i'm not going to do a lot of predictions because wrong is wro
>> how much of this do you think has been affected by the fact that for the first time in this last election, you have people going to the polls and actually voting to allow same sex marriage as opposed to it coming from judges or from legislators? >> i don't think justices sort of said the polls did x so i will do y but in 1986, louis powell, the swing justice of his day, they had the first real gay rights case and he said to his law clerk, you know, as they were sort of weighing...
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that suggests that speaker boehner is actually in a stronger position in his caucus than when he was elected two years ago. how is he doing, do you think? >> well, i think he's in a stronger position because republicans feel like they're in a weaker position. i think a lot of republicans who might prefer a different leader don't feel they have the luxury of that right now. in fact, even congressman kantor and others, who boehner didn't think he could count on the last time around, are being supportive. republicans are trying to calculate how much they have to give in now and is there a way to fall back with the idea of being able to move ahead in a more aggressive way next year. that's why you saw the president in a very preemptive way trying to rule out the idea of tying talks to next february to raising the debt ceiling. >> alan simpson, the co-chair of the president's deficit commission, was on the "today" show this morning and he said all this talk about either side being able to go off the cliff is ridiculous. let me play that for you. >> when you have leaders of parties and people from
that suggests that speaker boehner is actually in a stronger position in his caucus than when he was elected two years ago. how is he doing, do you think? >> well, i think he's in a stronger position because republicans feel like they're in a weaker position. i think a lot of republicans who might prefer a different leader don't feel they have the luxury of that right now. in fact, even congressman kantor and others, who boehner didn't think he could count on the last time around, are...
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i think we still need to get through the election or the post election haze. i would say that -- to everybody, listen, we're no longer running for office here. this is about getting back down to brass tacks and figuring out how to solve it. >> which side is not campaigning anymore? >> you've got to listen to who's not talking. i think that's -- in washington, it's always who's not talking. >> we haven't really heard much from senate leadership. >> so that's where our deal gets carved out? >> well, when you start to hear some things from the senate leadership, then you'll know we're getting close to getting something done. and right now they're sending out minions and talking about things that i think are really, you know, staking out claims so they can say they've done that for their constituencies. but it's time right now for the moderates on both sides to step up. for those that are not necessarily at risk of losing elections in the near term to step up and say, listen, just like the leaders said earlier in the program. this is a math problem. it's really no
i think we still need to get through the election or the post election haze. i would say that -- to everybody, listen, we're no longer running for office here. this is about getting back down to brass tacks and figuring out how to solve it. >> which side is not campaigning anymore? >> you've got to listen to who's not talking. i think that's -- in washington, it's always who's not talking. >> we haven't really heard much from senate leadership. >> so that's where our...
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i respectfully disagree that the only democrats got elected in the past election. there was still a majority in the house of representatives republican that would return to office they ought not take ownership of something that will reduce jobs and growth. they ought not to do that or they'll be responsible for what happens in the next four years. let the democrats have their tax increases and you'll see what happens. >> as you speak, we have a fiscal cliff countdown clock right beneath you, 27 days and 12 hours. gentlemen, appreciate your time. thanks so much. >> thank you. governors gilmore and davis. >>> let's get to brian sullivan with the market flash. brian? >>> perhaps not happy here, carl, pby is falling today. they swupg to a third quarter loss. you can see the stock is down 13%, $6.8 million loss, basically 13 cents per adjusted share of a loss. wall street was expecting a prof profit. sales fell 2.4% quarter over quarter. of course the whole autoparts phase with a lot of action around this name, pby has been stuck in an $8 to $12 range for the better par
i respectfully disagree that the only democrats got elected in the past election. there was still a majority in the house of representatives republican that would return to office they ought not take ownership of something that will reduce jobs and growth. they ought not to do that or they'll be responsible for what happens in the next four years. let the democrats have their tax increases and you'll see what happens. >> as you speak, we have a fiscal cliff countdown clock right beneath...
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. >> i was so hopeful, i wasn't obviously thrilled with the election results, but i actually thought that result might be the result we needed to get thefshs done. >> in a way you you have the situation where -- >> you extend 98 but not the 2? believing that story is so -- >> either raise them on everyone or raise them on -- either it will hurt the economy if you raise taxes or it's not. on 98 it won't hurt, on 2 it will -- >> we'll have more on this argument. in the meantime, let's talk about some of the other headlines. financial firms are gathering for the goldman sachs financial services contractors. a key presenter is brian money tha moynihan. we talked about his reports of planned fee increases. plus there was the issue of president obama's likely pick to follow tim geithner at treasury. we talked about how buffett threw out jamie dimon's name. here is what moynihan thinks about that idea. >> i won't give individual names, but i think what warren is expressing a view which i agree with is that we need to have very bright, very talented and very broad experienced people help pus
. >> i was so hopeful, i wasn't obviously thrilled with the election results, but i actually thought that result might be the result we needed to get thefshs done. >> in a way you you have the situation where -- >> you extend 98 but not the 2? believing that story is so -- >> either raise them on everyone or raise them on -- either it will hurt the economy if you raise taxes or it's not. on 98 it won't hurt, on 2 it will -- >> we'll have more on this argument. in...
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we thought we'd have elections march/april, there's the prospect it could be a snap election much earlier perhaps in the new year. now the good news is there isn't a huge amount of blowout on the bonds at the short end of the italian markets. the yields are higher but not huge relative to where we've been but on the ten-year italian market you can see we're slightly higher but no great shakes overall. it means the rally in the peripheral bond market we've witnessed in italy and spain has now stalled at this stage. remember we had the auction in spain yesterday and the yields are slightly higher relative to where we've been, they're still relatively depressed. we talk about the problems in europe, i thought it was worth pointing out amidst all the malaise what is happening in germany today an astounding manufacturing german manufacturing orders result from germany up 3.9% in october, a phenomenal performance from german industry and it's worth bearing in mind that german industry is basically in a single currency that is too low arguably for what it should be at. the deutsche mark would ha
we thought we'd have elections march/april, there's the prospect it could be a snap election much earlier perhaps in the new year. now the good news is there isn't a huge amount of blowout on the bonds at the short end of the italian markets. the yields are higher but not huge relative to where we've been but on the ten-year italian market you can see we're slightly higher but no great shakes overall. it means the rally in the peripheral bond market we've witnessed in italy and spain has now...
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that doesn't sit well with mexicans who accuse it of buying the election. hundreds clashed with police outside congress. >>> north korea is going to try again. they want to take another stab at sending a rocket into space. this time, to place a satellite into orbit. this is all coming from north korea state run media. the rocket will be similar to this one. the planned launch, the window is between december 10th and 22nd. u.s. state department is not happy about it, calling any launch by the north koreans provocative. >>> take a look at live pictures from the white house, which is marking world aids day. a day to ponder the fight against hiv and aids. nations around the globe observe the day in their own way. sydney's famous opera house, lit up in red, the color of aids awareness. other countries held rallies. as of last year, an estimated 34 million people were living with hiv. >>> an awful bus crash today on airport property in miami to tell you about. two people died when a tour bus smashed into an overpass. too low for the bus to clear. police and firef
that doesn't sit well with mexicans who accuse it of buying the election. hundreds clashed with police outside congress. >>> north korea is going to try again. they want to take another stab at sending a rocket into space. this time, to place a satellite into orbit. this is all coming from north korea state run media. the rocket will be similar to this one. the planned launch, the window is between december 10th and 22nd. u.s. state department is not happy about it, calling any launch...
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doing precisely that. >> got through the election on social issues. on the economy, i think it's pretty clear that nobody voted for four more years of the current economy. four more years to get his house in order and he's not going to get his house in order using the red herring of taxes when it's entitlemen entitlements. it just isn't going to work, simon. >> i get it. i'm just pointing out -- >> you know what, let's take jobless claims. >> i get it. >> over the last three days, jobless claims to sustain that renewal again which i think is a bad idea, that's 30 to $35 billion a year. i heard many democrats say that's a small amount, why shouldn't we do that? that's about halfway to the total amount they're talking about taxes. but whent's that, it's small. but when it's the 70 to $80 billion am toortized over ten years, all of a sudden it's big. i'm not saying don't raise taxes. if i signed the pledge, i would do it for good reasons. i haven't seen a good reason. i haven't seen a plan that promotes the big guy in the room. >> see you in the next hou
doing precisely that. >> got through the election on social issues. on the economy, i think it's pretty clear that nobody voted for four more years of the current economy. four more years to get his house in order and he's not going to get his house in order using the red herring of taxes when it's entitlemen entitlements. it just isn't going to work, simon. >> i get it. i'm just pointing out -- >> you know what, let's take jobless claims. >> i get it. >> over the...
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they have an election every two years and they got elected again and they've got constituents that sent them there for a reason. and then you've got the president would is just -- you know, just being hammered by the left on not caving this time around because he got so much grief the last time. this is setting up for us to go over the cliff, isn't it? what do you think? do we go over it or not? >> yeah, it is very difficult. and i feel bad for john boehner. he's in a difficult situation. i did want to remind john that he should look at the young, newer members that are so difficult to persuade to make an easy deal compromise. and remember, it wasn't too many years ago, john, that was you and me and we were driving bob michael and president bush nuts when the democrats were offering them, give us the tax increases now, we'll give you the spending cuts later and we were saying, oh, no, they'll never keep their word on the spending cuts. they'll tax the tax increases. quite frankly, the speaker has a difficult role to play here. he's seen by so many people as the principal guardian of our
they have an election every two years and they got elected again and they've got constituents that sent them there for a reason. and then you've got the president would is just -- you know, just being hammered by the left on not caving this time around because he got so much grief the last time. this is setting up for us to go over the cliff, isn't it? what do you think? do we go over it or not? >> yeah, it is very difficult. and i feel bad for john boehner. he's in a difficult situation....
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presidential election is over. the federal reserve, by the way, will be watching to see what the fed does in terms of monetary policy. we know it will keep interest rates very low. will they have any stimulus up their sleeve? all of this are things we're still looking forward to. fiscal cliff still hanging over us. markets, at least, are telling us that we think washington will get its act together, avert the fiscal cliff and like what they see from the jobs report this morning. >> my goodness. that's optimism there. can you talk to me a little more about this job market shrinking and that maybe why the unemployment rate dropped? >> two surveys that the government takes, household survey where they call thos thousands of people at home and ask, are you working? that's the number that gives us the unemployment rate. they also talked to thousands and thousands of companies and they say how many jobs do you have? how many jobs have you added? that's how you get that net job creation number up 146,000. when the governm
presidential election is over. the federal reserve, by the way, will be watching to see what the fed does in terms of monetary policy. we know it will keep interest rates very low. will they have any stimulus up their sleeve? all of this are things we're still looking forward to. fiscal cliff still hanging over us. markets, at least, are telling us that we think washington will get its act together, avert the fiscal cliff and like what they see from the jobs report this morning. >> my...
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and they were very instrumental in helping him get elected and re-elected. >> reporter: that's right. the election results tell the story. president obama won the union vote handily. nationwide, he won 58% of the union vote. compared to governor romney who got 40%. and unions also contributed heavily to donations and get out the vote efforts. $143 million they gave overall in the 2012 campaign to general candidates and elections in general. only 4% went to republicans. the rest went to democrats and outside spending groups. so you can see the impact they had across the board it and, wolf, while michigan wouldn't be the first state to pass right to work laws, in fact, 23 other states already have right to work laws. so tomorrow michigan could become the 24th state to have one. as the birthplace for the organized labor movement in the u.s., passage for this law in michigan would be a body blow to the labor movement in the u.s., wolf. >> certainly would be. thanks very much for that, jessica. >>> the president's due back here in washington just in a little while from michigan. his focus
and they were very instrumental in helping him get elected and re-elected. >> reporter: that's right. the election results tell the story. president obama won the union vote handily. nationwide, he won 58% of the union vote. compared to governor romney who got 40%. and unions also contributed heavily to donations and get out the vote efforts. $143 million they gave overall in the 2012 campaign to general candidates and elections in general. only 4% went to republicans. the rest went to...
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Dec 10, 2012
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i mean, i won the election. i had the leverage. why give in? well, simply put, i felt sorry for this man. >> all right. speculation is in full swing over the president's choices to fill his cabinet for the second term. among the position it's true. this is emily schmidt looking atted leading contenders and the potential challenges they face. >> reporter: a late november white house photo op. >> this is a wonderful opportunity for me to meet with my full cabinet. >> maybe the last grims of this picture, an eminent cabinet shuffle is expected. >> the president has got a lot of very, very good people to choose from. he wants to put together a team especially in international affairs, a team overall that going into a second term does not look like a second team, does not look like a group of second stringers. >> the likely short list to succeed secretary of state hillary clinton is politically charged. susan rice is thought to be a leading contenders, but some republicans were highly critical of rice following the aattack on the u.s. consulate in l
i mean, i won the election. i had the leverage. why give in? well, simply put, i felt sorry for this man. >> all right. speculation is in full swing over the president's choices to fill his cabinet for the second term. among the position it's true. this is emily schmidt looking atted leading contenders and the potential challenges they face. >> reporter: a late november white house photo op. >> this is a wonderful opportunity for me to meet with my full cabinet. >> maybe...
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Dec 6, 2012
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washington voters approved it last month's election so let me throw this at you. there's ground rules here. you have to be over the age of 21. you can have up to an ounce in your possession. no more. and despite seattle's overnight smoke fest, you are not supposed to light up a joint in public. here's a big catch. you still have to go underground to get it. growing and selling pot illegal. at least for now they are. miguel marquez has the story in seattle. miguel? >> reporter: brooke, for pot smokers here in washington state, it is a day for celebration and partying. the legalization of pot. but proponents of this initiative say this is only the first step. this is what you assume the stores will look like? >> yeah. our stores are going to have the feel of a fine cigar shop. >> reporter: jaman was at microsoft and preparing to open as many as two dozen high end marijuana shops in washington and colorado. yesterday he'd be called a drug dealer. today, an entrepreneur. >> our target market is baby boomers. folks tried it in college a couple times, maybe they didn't
washington voters approved it last month's election so let me throw this at you. there's ground rules here. you have to be over the age of 21. you can have up to an ounce in your possession. no more. and despite seattle's overnight smoke fest, you are not supposed to light up a joint in public. here's a big catch. you still have to go underground to get it. growing and selling pot illegal. at least for now they are. miguel marquez has the story in seattle. miguel? >> reporter: brooke, for...
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Dec 3, 2012
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two-third of the republicans who were re-elected, were re-elected with big masorts-- 60%. it's okay with their constituents if we go over the cliff because they're standologist principle. so how are they going to get the-- how is the president anything to get republicans to increase rates? he's going to have to do something on entitlements that allows those republicans to say, hey, we-- sure, we agreed to increasing rates, but look at the pound of flesh we got from the president. the problem, is the president thinks he did well in this election. he thinks the country is behind him. he's not into giving a pound of flesh. they'll give something on entitlementes, but so far it's not big enough for the republicans to get vote which is why we may go over the cliff. not just liberal democrats. new gingrich, he's is not liberal-- >> here's the thing. tax rates are going up on everybody by definition by law. either the president has the upper hand on this issue. and the electorate has veted. i mean, in every speech he gave, he addressed this issue. it came up and he said i'm going
two-third of the republicans who were re-elected, were re-elected with big masorts-- 60%. it's okay with their constituents if we go over the cliff because they're standologist principle. so how are they going to get the-- how is the president anything to get republicans to increase rates? he's going to have to do something on entitlements that allows those republicans to say, hey, we-- sure, we agreed to increasing rates, but look at the pound of flesh we got from the president. the problem,...
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that just took place everybody followed the us elections it was a very tight race between president obama and mitt romney in france we had a new president elected and people followed that in russia there was an election but not much choice and in china there wasn't even the pretended they didn't pretend to elect a new leader they just put someone there and people don't want that people want democracy people want to say people want to play a role in their societies china does not offer that to them in the political sphere and therefore i believe for a long time coming there's not going to be a chinese century while alexander what about the middle class what it will be said about the middle class because that's the power of the west traditionally. yes i mean the middle class is very strong in the west pretty is right there are problems we have a declining middle class that is something we have to fight but for the time being we are both the most competitive societies and the most equitable societies if you look at the distribution of income in china in russia in brazil you will see th
that just took place everybody followed the us elections it was a very tight race between president obama and mitt romney in france we had a new president elected and people followed that in russia there was an election but not much choice and in china there wasn't even the pretended they didn't pretend to elect a new leader they just put someone there and people don't want that people want democracy people want to say people want to play a role in their societies china does not offer that to...
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Dec 9, 2012
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not a free election. >> even not having a free election, you had enormous evolution occur among people who were at one time diehard revolutionaries. i suggested evolution will be greater under a democratic system when you have as much voting as we have had in iran. >> we have to leave it there. please give a round of applause to our panelists. [applause] >> this morning on "washington journal," we look at recent developments on the ground in syria. host: thanks for being with us. have we turned a corner with regards to the situation in syria? caller: it seems to me it is an important juncture, perhaps a crossroads. turning a corner might be going a bit far. president assad still has substantial military capabilities, quite a bit of support. he still has control of the capital. it is a little bit hard to say. clearly the risk and an upswing on the rebel side. -- there has been an upswing on the rebel side. i think there is momentum in favor of the rebels, but this still seems to be a conflict that can go on for a long time. host: if the regime fails, it president assad is forced out, wh
not a free election. >> even not having a free election, you had enormous evolution occur among people who were at one time diehard revolutionaries. i suggested evolution will be greater under a democratic system when you have as much voting as we have had in iran. >> we have to leave it there. please give a round of applause to our panelists. [applause] >> this morning on "washington journal," we look at recent developments on the ground in syria. host: thanks for...
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almost two years now although the opposition of the regime say they are ready for dialogue now and as election reports the divisions might run too deep though for any lasting peace. said dick says his life was shattered his sits on a municipal council in bahrain and several months ago he was shot by police during a peaceful protest looking at him. injuries his lucky to be alive part of an on line one and i was with many other protesters when we were faced by riot police they did not hesitate to shoot us directly to the head with the bullets the police are using for hunting birds and animals i've been shot with over one hundred ninety two pellets scattered all over my body in the head face arms and legs the most dangerous ones are those inside my lungs. so deep is just one of hundreds who have suffered in the anti-government protests that started around twenty months ago when revolution fever was sweeping the middle east and north africa the descent in bahrain differs little from that in a nation swept by the arab spring but the story never stop it is a daily in many different areas against the
almost two years now although the opposition of the regime say they are ready for dialogue now and as election reports the divisions might run too deep though for any lasting peace. said dick says his life was shattered his sits on a municipal council in bahrain and several months ago he was shot by police during a peaceful protest looking at him. injuries his lucky to be alive part of an on line one and i was with many other protesters when we were faced by riot police they did not hesitate to...
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so it was right after the presidential election in the united states or right before the elections in israel. what does it suggest to you is the timing important or was it a coincidence well i suspect the timing in this case was dictated by the israeli election. it's very popular in israel to kill lots of palestinians in gaza. and have mass is seen as a monster and so a war against amounts wins vote you know i want to talk about the wording of the operation pillar of cloud obviously referring to the bible and back in the bible. it was the pillar of cloud who let the israelis through pete out of egypt and save them from the sorrow how much the torah narrative actually dominate the mindset of israeli war planners well the religious element in both in the israeli armed forces largely subtle are driven. not orthodox jews many of whom don't want to serve in the military refuse to do so but the religious complection of the israeli defense forces has steadily increased so religion is now very much bound up with its operations of the language of some rabbis during cast lead was simply hair ra
so it was right after the presidential election in the united states or right before the elections in israel. what does it suggest to you is the timing important or was it a coincidence well i suspect the timing in this case was dictated by the israeli election. it's very popular in israel to kill lots of palestinians in gaza. and have mass is seen as a monster and so a war against amounts wins vote you know i want to talk about the wording of the operation pillar of cloud obviously referring...
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return to our exclusive interview with our show was long off as the fifty nine year old has been re-elected president of the international federation of fencing pledging to make the sport popular and i call her every parts of europe in two thousand and eight i will share a small of became the first ever russian president of the international fencing federation claiming five more votes than a long serving chief frenchman rene rush fast forward four years and dismantled has returned unchallenged and holds to further expand the love of fencing all over the world for the first time in the sport's history fencers from five continents managed to climb the olympic podium in london while the global expansion is set to continue its modified realizes that more needs to be done in the evolution of fencing is a meaning of. many changes in the rules are driven by attempts to make the sport more entertaining and spectacular this is what we need to do so that advertisers get interested in fencing i think if we achieve that it will allow the federations to develop independently of them will not just get fu
return to our exclusive interview with our show was long off as the fifty nine year old has been re-elected president of the international federation of fencing pledging to make the sport popular and i call her every parts of europe in two thousand and eight i will share a small of became the first ever russian president of the international fencing federation claiming five more votes than a long serving chief frenchman rene rush fast forward four years and dismantled has returned unchallenged...
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Dec 7, 2012
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punta launched a failed bid to have his rival driven from office earlier this year. >> election posters are plastered all over romania's capital. the governing social democrat liberal coalition is leaving no chance on used to prevail. this ad says, cassette and we've kept our word," over a photograph of the prime minister. he annulled cuts in social spending that were enacted by the previous conservative government. but romanian politics are deadlocked because of the bitter long-running feud with the conservative supporting president. the european union says the efforts to remove him from office are undemocratic. one analyst says the fight has laid bare attitudes that are far from democratic. >> it was a huge misunderstanding from the social liberals who said, "we are the people and we want to take all the state for us because this is democracy. they did not understand the rule of law. the rule of law is more important. >> now that he survived the government's attempt to impeach him, he seems to be keeping himself out of the election campaign. the government oppose attempts to get rid o
punta launched a failed bid to have his rival driven from office earlier this year. >> election posters are plastered all over romania's capital. the governing social democrat liberal coalition is leaving no chance on used to prevail. this ad says, cassette and we've kept our word," over a photograph of the prime minister. he annulled cuts in social spending that were enacted by the previous conservative government. but romanian politics are deadlocked because of the bitter...
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salafist they've gotten a majority in the parliament with allies of course they've got the president elected with allies and now some of his allies have abandoned him but they don't have the strength to organize and reach out to citizens the way the muslim brotherhood have so this looks like a recipe for a long. civil uprising against the government i am not sure that this is going to go immediately into what people think could be a civil war unless acts of violence are going to continue day after day and that's what there's no morsi was concerned about now it's things they passed to europe's heart begins under the blanks seen here for its natural gas fix as russia begins a lengthy new pipeline the way to the south told the union that only. now the chemical skowron series receiving a skeptical response not only from assad's government but now the very people seeking to bring him down a senior rebel official has dismissed washington's reports that assad was on in chemical warheads saying it was all part of a game that has all changed again that check out reports now even fabricated allegation
salafist they've gotten a majority in the parliament with allies of course they've got the president elected with allies and now some of his allies have abandoned him but they don't have the strength to organize and reach out to citizens the way the muslim brotherhood have so this looks like a recipe for a long. civil uprising against the government i am not sure that this is going to go immediately into what people think could be a civil war unless acts of violence are going to continue day...
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>> this was ryan's first speech since the election. both he and rubio seemed to be talking about how the republican party needs to be a party that's more inclusive, helping those in the lower associatio economic levels to rise up and prove their standing. both of them, ryan specifically talked about how he was proud of the campaign and that he mitt romney ran this past year. both men seemed to be critical of romney's controversial comments that 47% of the nation is beholding of the government and feels that the government is responsible to take care of them. take a listen to what both men said. >> both parties tend to divide americans into our voters and their voters. let's be really clear. republicans must steer far clear of that trap. we must speak to the aspirations and the anxieties of every american. >> i've heard it suggested that the problem is that the american people have changed. too many people want things from government. but i'm still convinced that the overwhelming majority of our people, they just want what my parents ha
>> this was ryan's first speech since the election. both he and rubio seemed to be talking about how the republican party needs to be a party that's more inclusive, helping those in the lower associatio economic levels to rise up and prove their standing. both of them, ryan specifically talked about how he was proud of the campaign and that he mitt romney ran this past year. both men seemed to be critical of romney's controversial comments that 47% of the nation is beholding of the...
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2016 election. assuming they get a good candidate. >> i teach history at northern virginia community college. do you see any parallel between the whig party, which tried to be all things to all people, leaderless, and ironically the upstart, regional, singular issue focused new republican party. is the current republican party going to go the way of the whigs? >> i doubt that. there were a very weak party. the party developed as an anti- jackson party. that was about it. it won two presidential elections by mimicking the democrats. they were a national party. they ran in the south but they were torn apart by the slavery issue. the republican party and the whig party have that much in common. the republicans have been around and are deeply entrenched. but you do ask a good question -- where are the republicans going to get those votes to turn themselves into a majority party? ronald reagan did not really succeed in doing that and he had a very successful administration. one thing i learned in looking
2016 election. assuming they get a good candidate. >> i teach history at northern virginia community college. do you see any parallel between the whig party, which tried to be all things to all people, leaderless, and ironically the upstart, regional, singular issue focused new republican party. is the current republican party going to go the way of the whigs? >> i doubt that. there were a very weak party. the party developed as an anti- jackson party. that was about it. it won two...
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Dec 4, 2012
12/12
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the international community, should be finding ways to live with rather than trying to force bolivian elected politicians, to live with our fifty year old international system. >> wow! i've never seen anything like this. >> when disaster strikes sometimes the only way out is to look within. current tv digs deep into the extraordinary tales of heroism determination and escape. "trapped" experience the drama. back to back to back. >> hold on mates! >> catch the "trapped" mini-marathon saturday starting at 1 eastern. on current tv.
the international community, should be finding ways to live with rather than trying to force bolivian elected politicians, to live with our fifty year old international system. >> wow! i've never seen anything like this. >> when disaster strikes sometimes the only way out is to look within. current tv digs deep into the extraordinary tales of heroism determination and escape. "trapped" experience the drama. back to back to back. >> hold on mates! >> catch the...
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Dec 2, 2012
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election in america china announced a new set of leaders. seven men who will manage the running of the world's number two economy. we have paid too little attention to this changing of the guard. what will their foreign policy look like? i have to great guests to shed light on all of that. welcome. liz. you have a very tough blog posting on the excellent counsel on foreign relations website which you say china's 18th party congress was a heartbreaker. it was a triumph of the conservative party. the candidate will the strongest credentials were left high and high. they took their place among the top seven. you see this as a real kind of reinstitution of a hard line conservative group. >> i do. i think this was a disappointing outcome from the 18th party congress. if you look at this leadership group they bring a wealth of experience to the table. collectively these seven men have governed roughly half the provinces. a number of them do have experience at the national level with the economy or political arena but by in large they are distingui
election in america china announced a new set of leaders. seven men who will manage the running of the world's number two economy. we have paid too little attention to this changing of the guard. what will their foreign policy look like? i have to great guests to shed light on all of that. welcome. liz. you have a very tough blog posting on the excellent counsel on foreign relations website which you say china's 18th party congress was a heartbreaker. it was a triumph of the conservative party....
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representative tom cole from oklahoma and congressman elect ted yoho from florida. >>> coming up, low taxes have been an article of faith among republicans for decades, but is the gop willing to take us over the cliff just to avoid a small marginal increase for the top 2%? we'll delve into the math, next. to test the 2.0-liter turbo engine. [ engine revs ] ♪ [ derek ] 272 horsepower. the lightest in its class. the cadillac ats outmatches the bmw 3 series. i cannot believe i have ended the day not scraping some red paint off on these barriers. ♪ [ male announcer ] the all-new cadillac ats. a regular guy with an irregular heartbeat. the usual, bob? not today. [ male announcer ] bob has afib: atrial fibrillation not caused by a heart valve problem, a condition that puts him at greater risk for a stroke. [ gps ] turn left. i don't think so. [ male announcer ] for years, bob took warfarin, and made a monthly trip to the clinic to get his blood tested. but not anymore. bob's doctor recommended a different option: once-a-day xarelto®. xarelto® is the first and only once-a-day prescript
representative tom cole from oklahoma and congressman elect ted yoho from florida. >>> coming up, low taxes have been an article of faith among republicans for decades, but is the gop willing to take us over the cliff just to avoid a small marginal increase for the top 2%? we'll delve into the math, next. to test the 2.0-liter turbo engine. [ engine revs ] ♪ [ derek ] 272 horsepower. the lightest in its class. the cadillac ats outmatches the bmw 3 series. i cannot believe i have...
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and the two front-runners of the presidential election race agree. park geun-hye of the ruling saenuri party says the stipend should be raised to nearly $190 per person. >> translator: i want to increase the proportion of middle-class people in south korea to 70% and rebuild society. >> park's main opponent, moon jae-in, of the opposition democratic united party, wants to institute a stipend of $180 for everyone 65 or older regardless of their income. >> translator: social welfare is not a benefit. it is the state's duty to provide it and a citizen's right to receive it. >> but some analysts argue reserve funds for the national pension system will run out in the 2050s. so it's unclear how south korea's next president will be able to offer citizens a bigger pension. >>> a secret coded letter written by french emperor napoleon bonaparte during his ill-fated 1812 russian campaign has fetched ten times the expected bid at auction. the letter was sold for 187,500 euros, or more than $240,000, at an auction outside paris on sunday. napoleon wrote of his pl
and the two front-runners of the presidential election race agree. park geun-hye of the ruling saenuri party says the stipend should be raised to nearly $190 per person. >> translator: i want to increase the proportion of middle-class people in south korea to 70% and rebuild society. >> park's main opponent, moon jae-in, of the opposition democratic united party, wants to institute a stipend of $180 for everyone 65 or older regardless of their income. >> translator: social...